How did NVEC's revenue and expenses shift in Q3 2025 compared to previous quarters?


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NVE Corporation (NVEC) experienced a significant decline in revenue and an increase in expenses in Q3 2025 compared to the previous quarter and the same quarter in the prior year.
- Revenue Shift:
- In Q3 2025, NVEC's total revenue decreased by 25% to $5.06 million compared to the same quarter in the previous year ($6.76 million)12.
- This decline was primarily due to a 22% decrease in product sales and a 74% decrease in contract R&D revenue12.
- The company's revenue also decreased by 9% in Q3 2024 compared to the previous year4.
- Expense Shift:
- Despite the revenue decline, NVEC's total expenses increased by 40% in Q3 20255.
- The company's R&D expenses rose by 61%, driven by heightened investments in new technologies6.
- Selling, general, and administrative (SG&A) expenses increased by 11.7% due to increased sales staff and marketing activities6.
- Interest income decreased by 4% due to a decrease in marketable securities and lower yields on recently purchased securities5.
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NVEC Total Revenue, Total Expenses
The net income for Q3 2025 decreased by 27% to $3.05 million, or $0.63 per diluted share, compared to the same quarter in the previous year12. This decline in revenue and increase in expenses reflect the challenges faced by NVEC in maintaining profitability amidst a downturn in the semiconductor industry.
Source:
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NVE Third Quarter 2025 Earnings: EPS: US$0.63 (vs US$0.87 in 3Q 2024)
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